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MS HB976
Bill
Status
2/1/2011
Primary Sponsor
Credell Calhoun
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AI Summary
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Adds a new subsection (23) to Section 27-65-75 of Mississippi Code requiring 6.5% of sales tax revenue collected from business activities within Jackson to be paid to the City of Jackson beginning August 15, 2011.
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Designates Jackson's sales tax payment to help defray ad valorem tax losses from state-owned property and increased infrastructure costs resulting from Jackson being the state capital.
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Specifies the Jackson payment is in addition to the 18.5% municipal sales tax distribution already provided under existing law.
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Excludes certain sales tax categories from the Jackson payment calculation: those collected under Sections 27-65-15, 27-65-19(3), 27-65-21, and 27-65-24.
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Effective date is July 1, 2011.
Legislative Description
Sales tax; provide diversion to Jackson to defray ad valorem tax loss and increased costs incurred as seat of state government.
Last Action
Died In Committee
2/1/2011